Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeSun Mar 10, 2024 5:58 am by RamblerNash

» CBD Vape Cartridges
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

» The Fundamentals of Finance and Pimpy Live
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeThu Jan 18, 2024 7:17 am by Dinarhater

» Why Won't the Iraqi Dinar Scam Die?
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeWed Jan 17, 2024 5:05 pm by RamblerNash

» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Iraq transfers ownership of nine state oil companies to new National Oil Company I_icon_minitimeMon Jan 15, 2024 6:15 pm by RamblerNash

Iraq transfers ownership of nine state oil companies to new National Oil Company

Go down

Iraq transfers ownership of nine state oil companies to new National Oil Company Empty Iraq transfers ownership of nine state oil companies to new National Oil Company

Post by GirlBye Thu Oct 18, 2018 12:32 pm

ERBIL, Iraq (Reuters) - Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Oil Company which he also heads, a ministry spokesman said on Thursday.

Iraq transfers ownership of nine state oil companies to new National Oil Company 2018-06-11T181530Z_1_LYNXMPEE5A1KF_RTROPTP_3_IRAQ-OIL-MINISTER_original



FILE PHOTO: Iraqi Oil Minister Jabar al-Luaibi speaks during a news conference in Basra, Iraq June 6, 2018. REUTERS/Essam Al-Sudani /File Photo

Luaibi took the decision in his capacity as National Oil Company chief, not minister, according to a statement by spokesman Asim Jihad. The decision will be “followed by others within the same framework,” Jihad said.

The Iraqi government had last week named Luaibi as head of the new National Oil Company, which is to serve as an umbrella organization for state oil firms. The positions of company chief and minister are not related, but Luaibi currently holds both.

Parliament voted in March to establish the company, which is meant to manage Iraq’s upstream operations, freeing up the ministry to set plans and strategies for developing the sector.
The nine companies included in Thursday’s decision are SOMO, the Iraqi Oil Exploration Company, the Iraqi Drilling Company, the North Oil Company, the Midland Oil Company, Basra Oil Company, Dhi Qar Oil Company, Maysan Oil Company and the Iraqi Oil Tankers Company.

Prime Minister-designate Adel Abdul Mahdi, who is tasked with forming a new government months after a political deadlock following a May election, called on officials in the outgoing government to refrain from signing urgent contracts, making non-essential hires, or other key decisions. It was unclear if his statement was related to Luaibi’s decision.


https://www.reuters.com/article/us-iraq-oil/iraq-transfers-ownership-of-nine-state-oil-companies-to-new-national-oil-company-idUSKCN1MS27E
GirlBye
GirlBye
VIP NewsHound
VIP NewsHound

Posts : 1484
Join date : 2018-07-09
Location : So Cal

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum